Managers of the Guinness Global Energy fund have warned of an oil price spike to $150 per barrel if Iran were to carry out its threat of closing the Strait of Hormuz and blocking 15% of global oil exports.
The price of Brent Crude jumped by roughly $5 today to an eight-month high of $111.65 per barrel as investors reacted nervously to the news. The US and its allies are threatening to increase pressure...
US markets suffer losses upon opening
Britain votes to leave the European Union
Manager intends to add to oversold positions
Could spell safe haven status for UK longer term
All 32 Scottish councils voted to remain